NonprofitsSuwannee Valley Electric Cooperative Inc

Suwannee Valley Electric Cooperative Inc

LIVE OAK, FL

Total revenue

$77.9M

Total expenses

$77.9M

Net assets

$66.1M

Grants received

EIN

590472323

Tax year

2024

Mission

The Cooperative's responsibility and aim as a member owned organization is to provide excellent and reliable customer service with competitive rates while enhancing the quality of life of residents in the Suwannee River Valley.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$77.5M
Investment income$772K
Other revenue
Total revenue$77.9M

Expenses

Grants paid$15K
Salaries & benefits$1.2M
Fundraising
Other expenses$73.6M
Total expenses$77.9M
Total assets$345.2M
Net assets$66.1M

People

18 listed

NameRoleCompensation

Mike McWaters

CEO

Board

$363K

54 hrs/wk

Christine Moor

CFO

Board

$160K

42 hrs/wk

Tyler Putnal

Director/Trustee

Board

$9K

2.7 hrs/wk

Cynthia Boyette

Secretary

Board

$8K

0.8 hrs/wk

Charles Walker

Director/Trustee

Board

$8K

2.7 hrs/wk

Francene Folsom

Treasurer

Board

$7K

0.9 hrs/wk

Hugh Hunter

Director/Trustee

Board

$7K

1 hrs/wk

Laure Bee Roberson III

Director/Trustee

Board

$7K

1 hrs/wk

Michael Adams

President

Board

$6K

1 hrs/wk

Jerry Goff

Vice President

Board

$6K

1.6 hrs/wk

Sidney Lord

Director/Trustee

Board

$4K

0.7 hrs/wk

Kurt Miller

Director of Engineering

Staff

$220K

46 hrs/wk

Mark Mosley

Director of Safety

Staff

$204K

45 hrs/wk

John Robinson

Director of Member Service

Staff

$164K

45 hrs/wk

Trevor Touchton

Manager of Power Technical

Staff

$155K

45 hrs/wk

Jodi Hughes

Journeyman Lineman

Staff

$152K

54 hrs/wk

Jimmy Taylor Jr

General Foreman

Staff

$135K

53 hrs/wk

Jason Carroll

Manager of Operations

Staff

$133K

44 hrs/wk

Independent contractors

Blue Lake Services

Utility Construction & Storm Recovery

$19.3M

Tide Basin Government Consulting LLC

Emergency Management

$11.3M

Conexon

Fiber Project Manager

$5.9M

SPE Utility Contractors FD LLC

Distribution Construction Contractor

$3.3M

Utility Lines Construction

Distribution Construction Contractor

$2.7M

Details

EIN590472323
Subsection12
Ruling date1947-09
Formed1937
Employees101
Volunteers0
SUWANNEE VALLEY ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo